HomeMy WebLinkAbout97-090 - ResolutionsRESOLUTION NO. 97-090
A RESOLUTION OF THE CITY OF RANCHO CUCAMONGA
APPROVING THE SALE OF CERTAIN REAL PROPERTY
GENERALLY LOCATED NORTH OF BASE LINE ROAD, WEST OF
VICTORIA PARK LANE, APN 227-111-12 ('PROPERTY"), IN THE
CITY OF RANCHO CUCAMONGA, IN THE RANCHO
REDEVELOPMENT PROJECT AREA, APPROVING THE
EXECUTION OF A PURCHASE AND SALE AGREEMENT AND
MAKING CERTAIN FINDINGS IN REGARD THERETO.
A. RECITALS.
(i)
The Community Redevelopment Law of the State of California (Health
and Safety Code Sections 33000 et seq.), among other provisions
granting powers to redevelopment agencies, contains Section 33433
which provides that prior to the sale of any property acquired with tax
increment moneys, the sale must be approved by the legislative body
by resolution after public hearing.
The Rancho Cucamonga Redevelopment Agency is the owner of
certain real property located north of Base Line Road, west of Victoria
Park Lane, APN 227-111-12, in the City of Rancho Cucamonga
("Property" hereinafter).
The Rancho Cucamonga Redevelopment Agency has received a
proposal to purchase the Property from Mark-Taylor, Inc., for parcel
consolidation to increase open space in an approved condominium
project.
(iv)
Pursuant to California Health and Safety Code Section 33433, the
Agency has prepared a report summarizing the cost of the sale of the
Property.
(v)
Pursuant to California Health and Safety Code Section 33433, the City
of Rancho Cucamonga conducted a duly noticed public hearing on July
2, 1997, on the subject of the Agency's sale of the Property.
B. RESOLUTION.
NOW, THEREFORE, be it found, determined and resolved by the Council of the City
of Rancho Cucamonga as follows:
1. The facts set forth in the Recitals, Part A, of this Resolution are true and
correct.
Resolution No. 97-090
Page 2
2. The City Council hereby specifically finds and determines that the sale of the
Property by and through the Agency's funding will be of benefit to the Agency's
Rancho Redevelopment Project.
3. The City Council hereby specifically finds and determines that the sale of the
Property will assist in the elimination of blight within the Rancho Redevelopment
Project through parcel consolidation, eliminating future nuisance and
maintenance of a land locked parcel.
4. The City Council hereby specifically finds and determines that the total
consideration for the Property is not less that the fair reuse value at the highest
and best use.
5. The City Council hereby approves the sale of the Property by the Agency to
Mark-Taylor, Inc., approves the execution of the Purchase and Sale Agreement
by the Agency, and authorizes the Agency to take any and all actions necessary
to complete the sale.
6. The City Clerk shall testify to the adoption of this Resolution.
PASSED, APPROVED, AND ADOPTED this 2nd day of July, 1997.
AYES: Alexander, Biane, Curatalo, Gutierrez, Williams
NOES: None
ABSENT: None
ABSTAINED: None
ATTifI~ST:
William J r
I, DEBRA J. ADAMS, CITY CLERK of the City of Rancho Cucamonga, California, do hereby certify
that the foregoing Resolution was duly passed, approved, and adopted by the City Council of the
City of Rancho Cucamonga, California, at a regular meeting of said City Council held on the 2nd
day of July, 1997.
Executed this 7th day of July, 1997, at Rancho Cucamonga, California.
Debra J. Ad CMC, City Clerk